With last week’s development in the LA tech sector, learn which companies are surfing on fresh venture capital and what their plans are for the funding. This is the Built In LA weekly refresh.
Guesty pulled in $50M. After its Series D round, the company is looking to expand its residential property management platform into new markets, as well as build out partnerships to include additional services. Guesty is also planning to onboard 30 new employees across product development, marketing, R&D and more. [Built In LA]
Apple to employ up to 3,000 in Culver City. On its mission to reignite the U.S. economy over the next five years, the tech giant is investing $430 billion to create 200,000 tech jobs across the country. It’s planning to hire new talent in metro tech hubs including the Greater Boston area, Boulder and Culver City with a focus on silicon engineering, AI, 5G and manufacturing. [Built In LA]
LA Tech Quote of the Week
CareRev secured $50M. The company’s cloud-based mobile app expedites the hiring process for hospitals by connecting them with healthcare professionals in the area. Transformation Capital led CareRev’s Series A round that enables the company to expand its labor marketplace platform. It also plans to scale its product and operations. [Built In LA]
Toucan raised $4.5M. Through a browser extension, the language learning company swaps out English words on a webpage for the same word in one of seven other languages. The seed funding for Santa Monica-based Toucan will go toward adding new languages to its platform and hiring new team members. [Built In LA]
ReleaseHub got $2.7M. The LA startup landed a seed round led by Sequoia for its technology connecting developers with environments for testing and staging on demand. Y Combinator, Rogue VC and Liquid Capital also participated in the round. [TechCrunch]